Arbor Funds $9M Fannie Mae Green Financing® Loan in Phoenix, AZ
UNIONDALE, NY (January 3, 2019) – Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare, and other diverse commercial real estate assets, recently funded a Fannie Mae Green Financing® loan in Phoenix, AZ.
Zen Senior Living, a 102-unit senior housing facility, received $9M in funding through the Fannie Mae Green Financing program. The deal comes with a 10-year fixed rate term and a 30-year amortization schedule.
Greg Gillam of Arbor’s Manhattan Beach office originated the loan. “The borrower purchased this recently renovated property with the intention of making it more energy efficient,” said Gillam. “With the Fannie Mae Green Financing solution, we were able to provide the perfect product for this age restricted property, offering great incentives and a low interest rate.”
Conveniently located in North Phoenix, Zen Senior Living is considered a premier senior housing community that promotes independent living. Amenities for the property include on-site laundry facilities, covered parking, private balconies, a fitness center, library and resident services.
Arbor Realty Trust, Inc. (NYSE:ABR) is a nationwide real estate investment trust and direct lender, providing loan origination and servicing for multifamily, seniors housing, healthcare and other diverse commercial real estate assets. Headquartered in Uniondale, New York, Arbor manages a multibillion-dollar servicing portfolio, specializing in Fannie Mae, Freddie Mac and other government-sponsored enterprises, as well as CMBS, bridge, mezzanine and preferred equity lending. Rated by Standard and Poor’s and Fitch Ratings, Arbor is committed to building on its reputation for service, quality and flexibility, and dedicated to providing our clients excellence over the entire life of a loan.
Zen Senior Living – Phoenix, AZ
Greg Gillam – Vice President, Originations